Goldman Sees More Upside in Altria After Strong Quarter

Altria (MO) reported Q3 revenue of $6.1B (+1% YoY) and EPS of $1.51 (+7% YoY), beating expectations. The company raised its full-year earnings guidance, citing strong performance. Shares rose 6% over two days and are up 33% YTD. CEO Sal Mancuso highlighted confidence in the full-year plan. Marlboro, with a 40% U.S. market share, drives most revenue. Other high-yield companies like UPS, Kraft Heinz, and General Mills face economic sensitivity and competition.

UBS raised its price target on Altria Group (NYSE:MO) to $83, citing strong Q3 2026 revenue growth of 3.6% and raised EPS guidance. The stock trades near its 52-week high, up 43% over the past year. Altria's dividend yield is 5.79%, and it has raised dividends for 16 consecutive years. Recent earnings beat estimates, with EPS of $1.52 and revenue of $6.13 billion. Goldman Sachs and BofA Securities also raised their price targets.

Altria (MO) shares rose 5.2% on October 29, 2026, after beating Q3 earnings estimates and raising its full-year guidance. The company reported adjusted earnings of $1.52 per share on $5.44 billion in revenue, exceeding forecasts. Management raised its 2026 earnings outlook to $5.66-$5.74 per share, up from prior guidance. The stock closed at $76.75, its highest in a year, with a 29.5% return over the past 12 months.

Altria (MO) reported Q3 pricing realization of 4.4%, with Marlboro's premium segment share rising to 60%. Discount segment grew to 34.1%, and nicotine pouch category expanded. Helix's on! shipment volume increased 13.3%. Altria returned $6B to shareholders and raised its dividend. The company also discussed regulatory actions and plans to re-enter the e-vapor market.

Goldman Sachs increased its price target for Altria (MO) to $83 from $77, citing better-than-expected Q3 earnings of $1.52 per share. The firm noted strong equity income growth and raised fiscal 2026 EPS growth guidance to 4.5%-6.0%. Altria's Q3 revenue reached $6.13B, exceeding estimates of $5.31B, and the stock has surged nearly 40% year-to-date.

Altria Group reported Q3 2026 earnings, highlighting smokeable segment growth driven by Marlboro Cowboy Cut and Basic brands. Helix's on! brand saw 13.3% shipment volume growth. The company raised full-year adjusted EPS guidance to $5.66-$5.74. Altria plans a disciplined re-entry into the e-vapor market with NJOY ACE and expanded its share repurchase program by $1 billion. Management emphasized resilience in cigarette volumes and long-term growth strategies.